header logo
Asia asset finance
Mogo Academy
Latest
Two Australians arrested for bribing Sri Lankan officials for lucrative contracts
Oct 11, 202210:20 AM
Two Australians arrested for bribing Sri Lankan officials for lucrative contracts

Two Australian men have been charged with bribing Sri Lankan officials to secure infrastructure contracts worth millions of dollars.

 

Australian police arrested the pair last month after a decade-long investigation spanning several countries.

 

The men, aged 67 and 71, worked for a company which has been accused of misconduct in South Asian countries.

 

They are yet to respond to the charges and will face court on Tuesday.

 

The Australian Federal Police (AFP) say the men arranged bribes of more than A$ 304,000 ($ 190,000, £ 172,000) to government officials between 2009 and 2016.

 

The bribes were allegedly made in the pursuit of two Sri Lankan projects - which police did not name - worth A$ 14m.

 

The charges follow an investigation into SMEC International Pty Ltd, an Australian-based engineering firm, which involved authorities from the US, Canada, India and elsewhere.

 

More arrests and charges are possible, the AFP said.

 

“Corruption undermines fair competition and can have disastrous consequences for developing economies, global anti-poverty and development efforts,” Detective Supt Helen Schneider said.

 

Originally known as the Snowy Mountains Engineering Corporation, SMEC was formed in 1949 to build an iconic Australian infrastructure project. It has since grown to employ 5,400 staff in many countries.

 

In 2017, the World Bank temporarily barred SMEC and four subsidiaries in India, Bangladesh and Sri Lanka from bidding for any of its contracts.

 

The World Bank said it had discovered evidence linking the company to suspected “inappropriate payments” in Sri Lanka and Bangladesh.

 

At the time, a spokesperson for SMEC said the allegations did not relate to any Australian projects, and that the company would continue to strengthen its corporate integrity compliance programmes.

 

Protests have erupted in Sri Lanka this year over corruption allegations and the country’s worst economic crisis in history.

 


Source: BBC

 

 

 

 

MostRead
Mobitel Upahara
VideoStories
Sri Lanka's health system at risk due to surge in dengue cases; PHIs intensify crackdown

Sri Lanka's health system at risk due to surge in dengue cases; PHIs intensify crackdown

SJB-UNP coalition on the cards; Sajith calls for reduction in fuel prices, electricity tariffs

SJB-UNP coalition on the cards; Sajith calls for reduction in fuel prices, electricity tariffs

“Safeguard Suresh Sallay’s health and legal rights” Global Sri Lankan Forum writes to President

“Safeguard Suresh Sallay’s health and legal rights” Global Sri Lankan Forum writes to President

“Sri Lanka's core issue is weak financial literacy” -Derana Deputy Chairman Laksiri Wickramage

“Sri Lanka's core issue is weak financial literacy” -Derana Deputy Chairman Laksiri Wickramage

Sarath Weerasekara writes to ARFRO on Suresh Sallay's behalf

Sarath Weerasekara writes to ARFRO on Suresh Sallay's behalf

Government puts up theatrics to avoid farmers' concerns – MP Dilith Jayaweera

Government puts up theatrics to avoid farmers' concerns – MP Dilith Jayaweera

‘We have no intention of following previous regimes’ – PM Harini Amarasuriya

‘We have no intention of following previous regimes’ – PM Harini Amarasuriya

Suresh Sallay treated at National Hospital for 12 days; Maligakanda Magistrate visits for inspection

Suresh Sallay treated at National Hospital for 12 days; Maligakanda Magistrate visits for inspection

Govt. launches island wide dengue control programmes; public urged to stay vigilant

Govt. launches island wide dengue control programmes; public urged to stay vigilant

Farmers stage protests urging govt. to purchase paddy at a fair price

Farmers stage protests urging govt. to purchase paddy at a fair price

Sugeeshwara Bandara arrested over allegations of misappropriating state funds

Sugeeshwara Bandara arrested over allegations of misappropriating state funds

'No one can influence public appointments'  Govt denies officials appointed at Cardinal’s request

'No one can influence public appointments' Govt denies officials appointed at Cardinal’s request

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Political debate intensifies over Suresh Sallay detention and CID conduct

Political debate intensifies over Suresh Sallay detention and CID conduct

Lassana Flora